Common use of Actions Permitted without Express Authority Clause in Contracts

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the Company: 1) Make payments to itself or others for minor expenses of handling securities provided that the Company shall be notified of all such payments in advance; 2) Surrender securities in temporary form for securities in definitive form; 3) Endorse for collection, in the names of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company except as otherwise directed by the Board of Trustees of the Company.

Appears in 2 contracts

Samples: Custodian Contract (Schroder Capital Funds /Delaware/), Custodian Contract (Schroder Capital Funds)

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Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyTrust: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Trust; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable FundTrust, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Trust except as otherwise directed by the Board of Trustees of the CompanyTrust.

Appears in 2 contracts

Samples: Custodian Contract (Nuveen Flagship Multistate Trust I), Custodian Contract (Nuveen Flagship Multistate Trust Iv)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees Directors of the CompanyFund. 5.

Appears in 2 contracts

Samples: Custodian Contract (BGT Subsidiary Inc), Custodian Contract (Bat Subsidiary Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees Directors of the Company.Fund. 2.18

Appears in 1 contract

Samples: Custodian Contract (Clipper Fund Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities provided or other similar items relating to its duties under this Contract, PROVIDED that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees of the CompanyFund.

Appears in 1 contract

Samples: Custodian Contract (Sei International Trust)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees Directors of the Company.Fund. 2.18

Appears in 1 contract

Samples: Custodian Contract (Usaa Mutual Fund Inc)

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Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees Directors of the Company.Fund. 2.19

Appears in 1 contract

Samples: Custodian Contract (Fundamental Investors Inc)

Actions Permitted without Express Authority. The Custodian may in its discretion, without express authority from the CompanyFund: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Agreement, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Fund; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary non‑discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company Fund except as otherwise directed by the Board of Trustees of the CompanyBoard.

Appears in 1 contract

Samples: Custodian Agreement (Neuberger Berman Next Generation Connectivity Fund Inc.)

Actions Permitted without Express Authority. The Custodian may in its discretion, discretion and without express authority from the CompanyTrust: 1) Make make payments to itself or others for minor expenses of handling securities or other similar items relating to its duties under this Contract, provided that the Company shall be notified of all such payments in advanceshall be accounted for to the Trust; 2) Surrender surrender securities in temporary form for securities in definitive form; 3) Endorse endorse for collection, in the names name of the applicable a Fund, checks, drafts and other negotiable instruments; and 4) In in general, attend to all non-discretionary details in connection with the sale, exchange, substitution, purchase, transfer and other dealings with the securities and property of the Company a Fund except as otherwise directed by the Board of Trustees of the CompanyTrust or a duly authorized committee thereof.

Appears in 1 contract

Samples: Schwab Capital Trust

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